Athens, GR, June 13, 2005 - CubeIQ Ltd. , an IT company provider of software solutions and systems for financial and corporate institutions, today announced the launch of the new release of Card Instant Issuance Application - CIIA©, a software application specially designed for managing the issuance of plastic cards at remote sites such as a bank branch (local issuance).

Card Instant Issuance Application - CIIA© is designed to operate in banks and financial institutions that are issuing or are planning to issue ATM, Cash, Debit or Credit plastic cards at their branches. CIIA© as a marketing concept provides significant value to banks enabling them to differentiate from competitors, upgrade the "image" of the institution, increase customer acceptance, offer better quality of service, minimize operating cost and have faster time - to - market for new products. CIIA© enables banks to deliver their cards and train their customers at the branch thus increasing customer acceptance of card usage and card products.

The application manages the full cycle of banking card personalization at branch level. The application accepts the card issuance requests, authorizes or declines the requests and drives the personalization of the cards. Logging, on-line trace and audit facilities will enable the card production to be monitored thoroughly, improving security. CIIA© drives all CIM's MAXIMA Series desktop plastic card standard personalization machines (861 & 821) and a number of personalization machines from other vendors.

The new release is available in three versions. CIIA Stand Alone, CIIA Server and CIIA Client/Server cover all possible operation modes and are able to satisfy any business needs. More information can be found at the link www.cubeiq.gr\solutions\s_ciia_1.htm

About CubeIQ

CubeIQ Ltd. - www.cubeiq.gr - is a leading provider of software solutions, systems, business process re-engineering solutions and professional services to banks, financial institutions and corporations in South and East Europe. CubeIQ's portfolio of solutions and systems include: Item & Document - Cheque Processing Systems, Cheque Book Issuance Systems, Fraud Detection & Prevention Systems, Anti Money Laundry Systems, Electronic Transaction Processing & Card Management Systems, SWIFT Reconciliation and Messaging Applications, Document Management & Electronic Workflow Systems, Prepaid Services Electronic Distribution Systems, SMS Messaging Systems, Electronic Loyalty Systems and a number of specialized equipment such as Cheque Scanners, Encoders, Sorters, Cheque Book Issuance Machines, Single & Dual Terminal Cash Dispensing - TCDs and Cash Recycling Machines - TCRDs, Cheque Book Dispensing - Cheque Deposit, Bill Payment and Multifunctional Terminals, specialized Automatic Teller Machines - ATMs, Cash Deposit, Cash Recycling and Multifunctional ATMs. CubeIQ was established in 2003 by a group of professionals with long and successful presence in the Greek banking market. The company is specialized in Business Process Re-engineering focused in the Banking and Electronic Transaction Processing Market. Our leading-edge software solutions can transform business processes in a more efficient, more productive and cost saving way.

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Media Contacts:

CubeIQ Media Center

CubeIQ Ltd.

ciq@cubeiq.gr